Real Estate

Real Estate Banking & Finance

Representative Matters

AXA IM Alts and its Affiliates in one of the Largest Industrial Portfolio Acquisitions of 2020

Representation of AXA IM Alts and its affiliates in one of the largest industrial portfolio acquisitions of 2020. The portfolio consists of 27 assets in Chicago, Houston, Los Angeles, Central New Jersey, Dallas, South Florida, Southern New Jersey and Atlanta. In a significant step in its strategy to grow a U.S. wide logistics platform, AXA IM Alts, on behalf of clients and through a joint venture with Cabot Properties, Inc., acquired the 7,984,000 s/f portfolio for approximately $875 million, through a share purchase of a REIT previously managed by Cabot Properties. Representation included all matters related to property diligence, structuring, joint venture, purchase, financing, tax and environmental considerations of the property, including tax and structuring issues relating to cross-border investments.

Plaxall Realty Development of Anable Basin Site

Plaxall Realty Development of Anable Basin Site

Representation of Plaxall Realty in connection with the development of a portion of its Anable Basin site in Long Island City, New York with Amazon for its New York HQ2 campus, prior to February 2019 when Amazon withdrew from Long Island City. Goulston & Storrs continues to represent Plaxall Realty with matters associated with the company’s Long Island City properties.

MSPCA-Angell Financing

Representation of MSPCA-Angell in obtaining the financing for a major renovation of the MSPCA-Angell Critical Care Unit in Boston's Jamaica Plain neighborhood. 

$78.8M Construction Financing for Office and Lab Property

Representation of the agent and a syndicate of lenders in a $78.8M construction financing for an office and laboratory property pursuant to development rights for a suburban office park.

$94.5M Construction Financing for Office Building in Washington, D.C.

Representation of the agent and a syndicate of lenders in the $94.5M construction financing for a class A office building in Washington, D.C.

$95M Construction Financing for Luxury Apartment Building in Washington, D.C.

Representation of the agent and a syndicate of lenders in the $95M construction financing for a luxury apartment building with ground-floor retail and a parking garage in Washington, D.C.

$30M Term Loan for Whole Foods Market in New York City

Representation of the lender in a $30M term loan for a retail condominium unit for a Whole Foods Market in Manhattan, New York City.

$77.4M Construction Financing for Multifamily Property in Jersey City, NJ

Representation of the lender in the $77.4M construction financing for a 39-story, Class A building with 311 apartments and 640 square feet of ground-floor retail in Jersey City, NJ.

$91M Financing for Apartment Building in Washington, D.C.

Representation of the agent and a syndicate of lenders in a $91M financing for a high-rise apartment building and parking structure in Washington, D.C.

$43.5M Construction Financing for Apartment Building in Boston, MA

Representation of the agent and a syndicate of lenders in a $43.5M construction financing for an apartment building with ground-floor retail and a parking facility in Boston, MA.

Agent Bank $200M Refinance and Renovation of New York City Office Tower

Representation of the agent bank for a syndicate of lenders in connection with the $200M refinance and renovation of 2 Grand Central Office Tower in New York City.
 

International Real Estate Investment Companies in First Real Estate JV, Acquisition, & Financing

Representation of international real estate investment companies in their first real estate joint venture, acquisition, and financing.

Bond Holder Purchasing Bond for University

Representation of a bond holder in the purchase of a bond for a local university.

Consortium of Regional Banks $50M Financing for Retail Portfolio

Counsel to a consortium of regional banks on the $50M financing for a portfolio of retail properties in New England.

Lender $40M Refinancing & Restructuring of Hotel in Atlanta

Beacon Capital Partners Acquisition and Financing of 11.5 Million Square Feet of Office Space

Representation of Beacon Capital Partners in the portfolio acquisition and financing (consisting of senior and multiple levels of mezzanine debt) of 30 properties located in the District of Columbia, Virginia and Seattle containing more than 11.5M square feet of office space.

International Real Estate Investment Companies Loan Repurchase Facility Arrangements for Multifamily Portfolios

Representation of international real estate investment companies in certain loan repurchase facility arrangements for various multifamily portfolios.

Life Insurance Company $42M Mezzanine Loan for Condo Project in New York City

Representation of a life insurance company in making a $42M mezzanine loan in connection with a $180M condominium project in New York City.

TD Bank $150M Syndicated Loan on Data Center in VA

Representation of TD Bank in a $150M syndicated deal on a data center in Virginia.

CRE Investment Firm $11M Mezzanine Loan for Office Project in Suburban Washington, D.C.

Representation of a commercial real estate investment firm on an $11M mezzanine loan for an office project in suburban Washington, D.C.

Lender Restructuring Portfolio of 3 Hotel Loans at BWI Airport

Representation of a lender in restructuring a portfolio of three hotel loans at the BWI Airport and in National Harbor, Maryland.

Financing & Syndication of LIHTC for Assisted Living Project in Somerville, MA

Financing and syndication of low income housing tax credits for a first of its kind affordable assisted living project sponsored by the Somerville, Massachusetts, Visiting Nurses Association, also involving Brownfields redevelopment issues.

National Lenders Financing Development of LIHTC Projects

Transactions in Texas, California, Maryland, Michigan, New Jersey, and other states under combined debt/ equity programs financing development of Section 42 low income housing tax credit projects for various national lenders.

Syndication of National Lenders $180M Facility

Representation of a syndication of national lenders for a $180M facility involving the assignment of ownership interest in various real estate investment vehicles.

National Lenders Hotel Financings Nationwide

Representation of numerous national lenders in connection with hotel financings throughout the country.

Bank Lending Groups Revolving Credit Lines to REITs

Representation of bank lending groups in revolving credit lines to REITs.

Agent Bank and Syndicate of Lenders $120M Financing Facility

Represent an agent bank and a syndicate of lenders in a $120M financing facility secured by assignment of ownership interests in various real estate limited partnership and limited liability company investment vehicles.

Major Commercial Bank $50M Revolving Facility for Privately-Held REIT

Representation of a major commercial bank in connection with a $50M revolving facility for a privately held REIT.

Commercial Real Estate Firm Acquisition of $34M Mezzanine Loan

Representation of a commercial real estate investment firm in the acquisition of a $34M mezzanine loan from a global financial services firm.

Commercial Real Estate Firm Acquisition of $28M Mezzanine Loan

Representation of a commercial real estate investment firm in the acquisition of a $28M mezzanine loan from a global financial services firm.